Name Change for State Agency Headed by Local Man

The privately run and funded economic development organization Governor Bruce Rauner pushed to attract new businesses to Illinois has a new name.

(JIM SCHULTZ)

The Illinois Business and Economic Development Corporation announced Monday that it's now known as Intersect Illinois.

The group filed its articles of incorporation with the state in January. Rauner then used his executive powers to direct the state's Department of Commerce to collaborate with the corporation. The state agency still has oversight and must approve incentives the corporation offers.

The corporation's CEO, Effingham's Jim Schultz, said Monday that the group knew its original name "didn't exactly roll off the tongue." He said the new name will help better promote Illinois.